HUDA hopes to earn Rs 800 crore from plot e-auction in Gurgaon

The authority also auctioned nine other plots out of 78 commercial properties put up for auction and generated a revenue of Rs 60 crore. GURGAON: Huda is planning to auction off about 20 commercial plots in sectors 29, 30 and 31 on November 26. According to officials, a revenue of Rs 800-900 crore is expected from the auction.

Huda's estate officer-2, Tarun Kumar Pawaria, said the entire business would be done through the e-auction process on November 26. He said towers c2, c3 and c4 in Sector 29 would be floated at a reserve price of Rs 205 crore. Similarly, shopping-cum-office complexes will be put up for bidding with reserve prices between Rs 32.62 crore and Rs 36.67 crore. Reserve price for shopping booths has been fixed between Rs 1.66 crore and Rs 1.88 crore.

"Every bidder will be given a user ID and password to log in before the e-auction process. The bids will appear on the screen but the identity of the bidder will not be disclosed," Pawaria said.

Chief minister Manohar Lal Khattar had ordered in April that all auction of sites by HUDA be conducted electronically to make the process more transparent, following allegations of irregularities in the auction of commercial sites in Sector 47.

"I have sent all relevant details of the 20-odd sites up for auction to the HUDA headquarters. If all the properties are sold, then HUDA will receive revenue to the tune of Rs 800-900 crore," Pawaria said.